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5 Tips for Planning Your Security Budget

Businesses face all kinds of security risks. Still, security planning can strain an already strapped budget, leading many companies to cut costs starting with their security infrastructure. Planning your security budget appropriately can avoid this; regardless of the percentage of your budget that goes towards security, it is how you allocate your resources that matter most.

 

  1. Perform a Risk Assessment

Evaluate the risks to your business, its data, and facilities. Whether you’re looking at technology assets or the physical security of your office, it’s important to realize just what types of security threats you need to protect your business from. Also, look at the resources you have available. Is your office or facility in a vulnerable location? Are your entrances properly guarded? What types of incidents have occurred in the past, and is your company located in an area prone to specific threats?

 

  1. Choose the Right Security System for Your Business

Once you identify how your business needs to be protected, you can determine the type of security system required and allocate the budget for it. But you need to consider factors such as who has access to your building, whether there are more effective ways to monitor your staff, and if indoor or outdoor security (or both) are needed. Whether your business has one location or is distributed across multiple sites can determine the best security solution as well. You can also enlist a reputable security systems provider to perform an on-site assessment and make suitable recommendations.

 

  1. Encourage a Culture that Embraces Security

Getting everyone involved can improve security from within. This means providing awareness training to employees and rewarding those who comply with your company’s security program, such as reporting incidents in a timely manner. A study by the Information Systems Audit and Control Association (ISACA) found investing in a security culture helps improve company reputation and trust among customers. Increased revenue was another effect observed, so you can see how planning your security budget can go a long way for your business.

 

  1. Hire and Train Security Professionals

Finding, hiring, and training the right people can help you get more out of your security budget. It also helps to train people in your organization. Recruiting your existing employees saves time; plus, they’re already knowledgeable about your business and likely its security needs. You might find someone who didn’t consider a security career before, but who has the right skills.

 

  1. Invest in Business Security Services

If your building’s security needs improvement, an outside security provider may be the best place to look. They can provide an on-site assessment and make recommendations for securing your facility. Building security assets such as video surveillance, alarms, patrols, and even remote monitoring can be provided at a cost that fits your budget.

Video surveillance is the leading trend in security because it now includes high-definition video, audio, and playback that can be accessed remotely. However, there are many types of security cameras and working with a provider can help select one that meets your business’s needs.

Trust Boyd & Associates for Your Security Needs

We are leading experts in video surveillance, intrusion detection, and access control systems. Patrol services are available and provided by experienced security officers. Trusted for business and home security and automation, Boyd & Associates can work with you to choose the right security assets and plan your security budget. Our specialty is total security, enabled by industry-leading expertise and the latest technologies. To learn more, call 888-919-3326.

5 Holiday Security Tips for Businesses

Retail and commercial theft remains a significant problem in the U.S. The 31st Annual Retail Theft Survey from Jack L. Hayes International, Inc. found more than 279,000 instances of theft involving shoplifters and employees at 20 large retail companies, in 2018. The loss prevention/inventory shrinkage control consulting firm also revealed one out of every 40 employees was apprehended for theft.

Theft (including shoplifting), fraud, and other crimes increase during the seasonal spike in holiday shopping. Stealing can lead to significant losses at any store or office. Here are five security tips to help your business improve its loss prevention strategy:

Combat Employee Theft

Employee theft accounts for more inventory shrinkage than shoplifting, administrative error, and vendor fraud. A cashier may pocket change that shoppers don’t wait around for, while a sales associate may refund an unpurchased item and add its value to a gift card. There are many possible scenarios involving staff, but these precautions can help:

  • Balance the cash register after each employee’s shift
  • Rotate employee assignments
  • Compare daily receipts to items sold
  • Schedule frequent physical inventories
  • Conduct random sales audits

Reduce the Threat of Shoplifting

It’s harder to track customers who shoplift than employees who steal. They’re less easily recognized, but you can put at-risk items closer to the checkout counter to monitor them. Also, place desirable items where there’s a good line of sight. Store managers should greet customers and make their presence known, paying careful attention to people with bags, strollers, and carriages. Other precautions include posting shoplifter prosecution policies and using electronic tags detected by sensing devices at the front door.

Take Extra Security Precautions

Additional security precautions include:

  • Installing security CCTV cameras that can provide proof of theft and enable you to report a thief to law enforcement.
  • Hiring a background-checked, trained security officer who can deter and catch shoplifters in the act.
  • Ensuring your store is well lit and that inventory is well-organized.
  • Locking dressing rooms so customers must interact with retail staff.
  • Creating a clear anti-shoplifting policy to post in dressing rooms and other highly visible areas.

Review Surveillance Information 

Having a surveillance system is not enough. You must proactively monitor it; to do this, double check security cameras to ensure they’re working and capturing potential criminal activity. If not, reposition video surveillance cameras. If there are decorations and other obstructions on your commercial property, check for, remove, or reposition them so cameras, alarm systems, or motion detectors aren’t blocked.

Monitoring your live feed is also important. These days, feeds can be conveniently accessed via mobile phone apps and remote video monitoring services provided by security companies. Consider revising your alarm notification list and submitting it to the company as well. Your intrusion alarm service provider will then know who to contact during an emergency.

Encourage Employee Vigilance

Train employees to spot and report suspicious activity. You can improve office security by training workers to react to any strangers in the office building. For example, if a suspicious individual is on the property, code words can be used to relay someone is watching them or it’s believed theft is occurring. Using tenant security activity scheduling unlocks offices only when enough employees are present to supervise an area and offer adequate protection. Access control is reactivated later in the day to lock vulnerable areas.

Work with a Private Security Company

Boyd & Associates, the largest family owned security company in Southern California, provides advanced security and burglar alarm systems as well as commercial patrol, intrusion detection, access control, and video surveillance services. To learn more, request a free quote online or call 888-907-1659.